Trusts: Taxation of Trusts and Beneficiaries

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Multiple Choice

What is a trust?

  1. A legal entity created by a settlor to hold and manage assets for the benefit of one or more beneficiaries.
  2. A type of investment account that allows you to save for retirement.
  3. A type of insurance policy that provides coverage for death or disability.
  4. A type of loan that allows you to borrow money to buy a home.
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